How are falling oil prices affecting oil producers?
CNN’s John Defterios explores how the tumble in the oil price to five-year lows is affecting attendees to the World Economic Forum. Video Rating: / 5
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CNN’s John Defterios explores how the tumble in the oil price to five-year lows is affecting attendees to the World Economic Forum. Video Rating: / 5
The price of oil on global markets has collapsed almost 60% since June 2014, punching a big hole in the pockets of the big producers and creating thousands of job losses. The falling price of a barrel of oil has made headline news around the world as demand fails to match supply. But we’ve been … Read more
With too much global supply and the lowest price in nearly 20 years – there’s anxiety about a possible oil market meltdown. US crude prices fell below a barrel on Tuesday, before settling down, but only a bit. While most major oil companies are slashing their budgets and jobs, some of the biggest oil companies … Read more